A Futures Contract Eliminates Uncertainty About the Future Spot Price

question 19

True/False

A futures contract eliminates uncertainty about the future spot price that an individual can expect to pay for an asset at the time of delivery.

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Definitions:

Property

Assets or possessions that belong to an individual or entity, which can be tangible or intangible in nature.

Crimes

Acts or omissions that violate laws prescribing the ways individuals ought to behave, typically punishable by the state.

Society

A group of individuals involved in persistent social interaction, or a large social group sharing the same geographical or social territory, typically subject to the same political authority and dominant cultural expectations.

White-Collar Criminals

Individuals who commit non-violent crimes, usually in commercial situations, for financial gain through deceit or fraud.